Highlights from Fiscal 2008 Second Quarter Ended Dec. 31, 2007
- 4.5% Net Revenue Growth
- $352 Average Patient Charge (APC)
- $0.8 Million Net Income/$0.03 Diluted Earnings Per Share
- $13.9 Million EBITDA From Continuing Operations
- Company Reiterates Fiscal 2008 Guidance
SCOTTSDALE, Ariz., Feb. 11 /PRNewswire-FirstCall/ -- Rural/Metro Corporation (Nasdaq: RURL), a leading provider of ambulance and private fire protection services, announced today results for its fiscal 2008 second quarter ended December 31, 2007.
Jack Brucker, President and Chief Executive Officer, said, "Our
second-quarter results are highlighted by continued growth in net revenue,
further reductions in uncompensated care and positive trending in the key
metrics we use to evaluate the performance of our ambulance billing and
Second-quarter operating statistics included the following results:
-- Net APC, which is the Company's best measure of cash collected per
transport, increased to $352 per transport in the second quarter of
fiscal 2008 from $342 in the same period of the prior year.
-- DSO, a measurement of the average number of days it takes to receive
payment for an ambulance transport, improved to 64 days in the second
quarter of fiscal 2008 from 68 days in the same period of the prior
-- Uncompensated care as a percentage of gross ambulance revenue was
14.5%, compared to 15.0% in the fiscal 2008 first quarter ended Sept.
30, 2007 and 14.0% in the second quarter of fiscal 2007.
Mr. Brucker continued, "We are very pleased wit
|SOURCE Rural/Metro Corporation|
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